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500 000 Mark

Issuer Stadtbank Spremberg
Year 1923
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Value 500 000 Mark (500 000)
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Reverse description The reverse shows the obverse design printed through to the back, presenting a mirror image of the obverse text and vignettes visible in offset impression through the thin paper, with no independently printed design elements. A faint circular stamp impression is visible at the lower right.
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Protection description Watermarked paper used as the note substrate.
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Comments

Spremberg's municipal bank issued this note at the height of Germany's hyperinflationary collapse in 1923, when local authorities across the country were empowered to print their own emergency currency — Notgeld — simply to keep commerce functioning. The Reichsbank could not produce denominations fast enough to keep pace with the daily devaluation, so the burden fell to city banks, chambers of commerce, and even private firms.

Kurt Görisch was a local Spremberg printer, not a specialist security printer. The presence of a watermark on a provincially produced note of this period is worth noting — many comparable issues from small towns dispensed with security features entirely.

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